Guideline Value for Jambulingam Main Road, Chennai 82

Jambulingam Main Road, Chennai 82 guideline value

The current guideline value for Jambulingam Main Road, Chennai 82 is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Jambulingam Main Road, Chennai 82 has changed

The guideline value for Jambulingam Main Road has seen several revisions over the years. In the 2007 revision, the value was Rs 1,200 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in the 2012 revision, marking a 317% rise. However, in the 2017 revision, the value decreased to Rs 3,350 per sq.ft, representing a 33% drop. The 2023 revision set the value at Rs 5,000 per sq.ft, and the most recent 2024 revision increased it to Rs 5,500 per sq.ft, reflecting a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 358%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

In Ayanavaram, there are 369 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value is Rs 4,900 per sq.ft, placing Jambulingam Main Road's 2024 figure above this median.

• Jain Koil: Rs 3,300 per sq.ft (2024)
• Jawahar Nagar 2nd cross Street, Chennai 82: Rs 5,500 per sq.ft (2024)
• Jawahar Nagar, Chennai 82: Rs 5,500 per sq.ft (2024)
• Jawahar Nagar Ist cross Street, Chennai 82: Rs 5,500 per sq.ft (2024)
• J- Block, (East)2nd Street: Rs 11,000 per sq.ft (2024)
• Guruvappa MaistryStreet: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Jambulingam Main Road, Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000. Together, the total cost for these fees would be Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Jambulingam Main Road, Chennai 82?

The Sub Registrar Office that covers Jambulingam Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ayanavaram

The guideline value is an essential factor in property transactions in Ayanavaram. It is used to determine the stamp duty and registration fees payable when a property is sold or purchased. Buyers and sellers must be aware of this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark for calculating the fees. It is crucial for both parties to understand that the stamp duty is based on the higher of the guideline value or the actual sale price, ensuring transparency in the transaction.

Frequently asked questions

What is the current guideline value of Jambulingam Main Road, Chennai 82?

The current guideline value of Jambulingam Main Road, Chennai 82 is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, showing an overall increase of 358% over the years.

What are the other streets in Ayanavaram with their guideline values?

Other streets in Ayanavaram include Jain Koil at Rs 3,300 per sq.ft, Jawahar Nagar 2nd cross Street at Rs 5,500 per sq.ft, and J- Block (East) 2nd Street at Rs 11,000 per sq.ft, among others.

What are the stamp duty and registration fees for properties on Jambulingam Main Road?

For a 1,000 sq.ft property at the current guideline value, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which office handles the registration for Jambulingam Main Road?

The registration for Jambulingam Main Road is handled by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.